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Name | Symbol | Market | Type |
---|---|---|---|
Atlas Copco (PK) | USOTC:ATLKY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.402 | 2.26% | 18.212 | 18.01 | 18.30 | 18.26 | 18.0309 | 18.104 | 80,964 | 21:18:14 |
By Dominic Chopping
STOCKHOLM--Swedish industrial tool maker Atlas Copco AB said Thursday it has agreed to buy the assets of Suzhou Since Gas System Co., Ltd., a China-based manufacturer of on-site gas-generation equipment.
Suzhou Since Gas System is a privately-owned company headquartered in Suzhou, Jiangsu province, with a presence throughout China.
In 2021, the company had revenue of around 70 million Chinese yuan ($10.4 million). The company has 80 employees.
The purchase price wasn't disclosed.
The deal is expected to close in the fourth quarter of the year.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
August 04, 2022 04:47 ET (08:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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